The Oman manufacturing market size is projected to grow at a CAGR of 1.10% between 2025 and 2034, owing to the expanding implementation and adoption of Industry 4.0.

Oman: Value added by the manufacturing sector as percent of GDP: The latest value from 2024 is 10.09 percent, an increase from 9.38 percent in 2023. In comparison, the world average is 12.37 percent, based on data from 127 countries. Historically, the average for Oman from 1961 to 2024 is 6.27 percent. The minimum value, 0.1 percent, was reached in 1969 while the maximum of 10.52 percent was recorded in 2022.

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Oman - Information Technology (IT) Market 2024-2028 :

The Oman - Information Technology (IT) Market size is estimated to grow at a CAGR of 9.91% between 2023 and 2028. The market size is forecast to increase by USD 3.20 billion. The growth of the market depends on several factors, including the increased adoption of mobility solutions, the increase in IT consolidation, and IT modernization and emerging technologies. The IT market in Oman refers to the industry that focuses on the provision of information technology products and services in the country of Oman. This market encompasses a wide range of products and services, including hardware, software, networking equipment, IT consulting, IT outsourcing, and support services. The Oman IT market includes both public and private sector organizations, ranging from small businesses to large enterprises across various industries such as finance, healthcare, education, retail, and government. These organizations rely on IT solutions to enhance their operational efficiency, improve communication, automate business processes, and enable digital transformation.

This Oman IT market report extensively covers market segmentation by type (hardware, software, and IT services), end-user (large enterprises and SMEs), and application (BFSI, telecommunication, industrial, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

What will be the Size of the Oman IT Market During the Forecast Period?

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Oman IT Market Overview

Driver

One of the key factors driving the Oman IT market growth is the increase in IT consolidation and IT modernization. There is an increase in IT consolidations and IT modernization to enhance the operational efficiency of organizations and to achieve economies of scale, which is fuelling the Oman IT market. In addition, the ever-increasing consolidation of IT infrastructures such as data centers and networking systems in organizations is forcing C-suite executives to implement advanced IT service delivery models such as shared and managed IT services.

Moreover, the the continuous changes in technology and the need for IT modernization in numerous industry verticals such as the manufacturing, BFSI, telecom, and healthcare sectors are fuelling the adoption of IT services. In addition, the demand for consolidated IT services will also increase with IT consolidation across industry verticals in the public sector. Furthermore, the public sector spending on IT services used to manage consolidated ICT infrastructure is increasing significantly. Therefore, it is positively impacting the Oman - information technology market. Hence, such factors are driving the Oman IT market growth during the forecast period.

Trends

A key factor shaping the Oman IT market growth is the increased adoption of IT as a service. IT as a services model refers to an IT service delivery model for organizations to manage their IT systems according to strategic business requirements. In addition, the adoption of IT as a service is increasing in organizations as they are trying to implement IT solutions to remain competitive in their businesses.

Moreover, IT service models facilitate organizations to use IT resources optimally for greater operational efficiencies. In addition, changing business requirements in the global marketplace is compelling organizations to align their IT strategies with their business goals for long-term competitive advantages. Furthermore, IT as a service model requires a low upfront investment to set up IT systems in organizations. Hence, such factors are driving the Oman IT market growth during the forecast period.

Restrain

A shortage of skilled professionals is one of the key challenges hindering the Oman IT market growth. Some of the key factors leading to the shortage of skilled professionals include factors such as fewer people opting for specialized medical fields and lack of sufficient investments are a common consensus among IT service providers worldwide that acquiring and retaining qualified professionals and fresh talent. In addition, there is a shortage of talent across the world and this shortage is set to intensify with time if proper and timely measures are not taken.

Moreover, the IT services market is facing challenges in reducing the attrition rate and avoiding the loss of resources, especially when companies are making strategic investments. In addition, the availability of better opportunities and higher wages offered by multinational companies are fuelling attrition rates that are bound to increase in the coming years. Hence, such factors are negatively impacting the Oman - information technology market. Therefore, it is expected to hinder the Oman IT market growth during

The Oman Digital Transformation Market report segments the industry into By Component (Hardware, Software, IT and Infrastructure Services, Telecommunication Services), By Technology (Analytics and AI and ML, IoT, Edge Computing, Industrial Robotics, Extended Reality, Blockchain, Cybersecurity, and more), and By End-user Industry (Oil, Gas, and Utilities, Travel and Hospitality, Healthcare, Financial Services, and more).

Oman Number of Registered Industrial Establishments: Other Manufacturing Industries data was reported at 739.000 Unit in 2014. This records an increase from the previous number of 678.000 Unit for 2013. Oman Number of Registered Industrial Establishments: Other Manufacturing Industries data is updated yearly, averaging 4.000 Unit from Dec 1996 (Median) to 2014, with 18 observations. The data reached an all-time high of 739.000 Unit in 2014 and a record low of 0.000 Unit in 2004. Oman Number of Registered Industrial Establishments: Other Manufacturing Industries data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s Oman – Table OM.O004: Number of Registered Industrial Establishments.

The Oman Container Glass Market report segments the industry into End-User Vertical (Beverages [Alcoholic (Beer, Wine, Spirits), Non-Alcoholic (Juices, Carbonated Drinks (CSDs), Dairy Product Based Drinks)], Food (Jam, Jelly, Marmalades, Honey), Cosmetics And Personal Care, Pharmaceuticals (Excluding Vials And Ampoules), Perfumery), By Color (Green, Amber, Flint, Other Colors).

Oman GDP: Compensation of Employees: Manufacturing: Refined Petroleum Products data was reported at 44.700 OMR mn in 2015. This records an increase from the previous number of 40.921 OMR mn for 2014. Oman GDP: Compensation of Employees: Manufacturing: Refined Petroleum Products data is updated yearly, averaging 7.200 OMR mn from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 44.700 OMR mn in 2015 and a record low of 2.500 OMR mn in 1991. Oman GDP: Compensation of Employees: Manufacturing: Refined Petroleum Products data remains active status in CEIC and is reported by National Center for Statistics and Information. The data is categorized under Global Database’s Oman – Table OM.A018: GDP: by Industry: Compensation of Employees.

The Oman commercial real estate market size was valued at USD 6.49 Billion in 2022 and is anticipated to reach USD 13.84 Billion by 2031, expanding at a CAGR of 8.78% during the forecast period, 2023 – 2031. The growth of the market is attributed to the recovery of oil prices.



Some of the key factors predicted to stimulate private sector investment in Oman includes the completion of the new Muscat International Airport, which might improve the country's GDP development. This expansion is expected to boost the country's commercial real estate sector's performance. Despite lower consumer confidence and lower retail sales as a result of poor market circumstances, a substantial amount of retail space is being added to the country's current stock, mostly in the capital.

Due to changing consumer tastes, the country's retail environment is progressively transitioning away from stand-alone retail establishments and toward bigger format malls. Corporate demand, leisure, meetings, conferences, and the Oman Convention and Exhibition Centre (OCEC), which opened in 2016 to attract a wide spectrum of business visitors from around the world, are some of the key drivers driving hotel industry growth in Oman. In 2018, the total number of hotels in Oman was 412.



In 2017, the Capital Market Authority (CMA) of Oman published the legal framework for the establishment and trading of real estate investment trusts (REITs) in order to promote investment in the Oman real estate sector. By enabling Omani citizens, including ex-pats, to acquire a portion of a real estate development on the Muscat Securities Market, the rule provides a wonderful opportunity for them.



The hospitality industry in Oman has been steadily growing. The hospitality industry is experiencing an uptick in building activity, with roughly 72 new hotels set to open in 2019. By the end of 2019, 55 of these projects are projected to be finished, potentially adding 4,763 rooms to the country's total hotel supply. The increase in hotel building activity across the nation is expected to continue during the projected period, with additional hotel projects set to open, boosting demand in the hospitality industry even more.



Oman's industrial sector has also maintained a steady growth rate, thanks to ongoing investments aimed at strengthening the country's manufacturing base. The manufacturing sector's contribution to Oman's GDP grew to OMR 2,914.40 million in 2018 from OMR 2,709.31 million in

The Report Covers Oman Air Purifier Market Share. It is Segmented by Filter Technology (High-Efficiency Particulate Air (HEPA), Other Filtration Technologies (Electrostatic Precipitators (ESPs), Ionizers, and Ozone Generators), Type (Stand-Alone and In-Duct), and End User (Residential, Commercial, and Industrial). The Report Offers the Market Size and Forecasts in Revenue (USD) for all the Above Segments.

The Oman Oil and Gas market size was valued at USD 4.36 million in 2025 and is expected to grow at a CAGR of 2.40% during the forecast period 2025-2033. Oman is the largest producer of oil and gas in the Middle East outside the Gulf Cooperation Council (GCC), with significant reserves of both commodities. The country's oil production has been steadily increasing in recent years, reaching a record high of 1.02 million barrels per day in 2022. Oman's natural gas production has also been growing, with the country currently producing around 10 billion cubic meters of gas per year. Key drivers of growth in the Oman Oil and Gas market include rising energy demand, increasing investment in exploration and production, and the development of new oil and gas fields. The government of Oman is also taking steps to diversify the country's economy away from oil and gas, which should create new opportunities for growth in the sector. Restraints on the growth of the Oman Oil and Gas market include the volatility of oil prices, the impact of climate change, and the emergence of renewable energy sources. Recent developments include: April 2023: Masirah Oil, a subsidiary of Singapore-headquartered independent Rex International, announced to explore its flagship asset offshore Oman, with its sights set on a production boost from the block 50 purchases. In addition, a block-wide review of exploration potential would be performed. Based on the results of an exploration review at Block 50, planning for acquiring additional targeted seismic would be implemented., March 2023: The Omani Ministry of Energy & Minerals offered domestic and international investors three oil and gas exploration areas as part of its latest licensing round. The tracts offered blocks 15, 36, and 54, where multiple companies have conducted seismic and drilling activities., January 2023: Shell Integrated Gas Oman BV, a subsidiary of Shell PLC, announced the beginning of gas production from the Mabrouk North Eastfield in Block 10 in Oman. Production from Block 10 is expected to touch 0.5 billion standard cubic feet of gas per day (bscf/d) by mid-2024, with the produced gas supplied to Oman's gas network that feeds local industries.. Key drivers for this market are: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Potential restraints include: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Notable trends are: Upstream Sector to Dominate the Market.

The report on Oman Industrial Salt covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

Oman Market Capitalization: MAnnual: Manufacturing data was reported at 1,198,357.095 OMR th in 2017. This records a decrease from the previous number of 1,478,593.939 OMR th for 2016. Oman Market Capitalization: MAnnual: Manufacturing data is updated yearly, averaging 1,198,357.095 OMR th from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 1,939,941.348 OMR th in 2013 and a record low of 351,000.000 OMR th in 2003. Oman Market Capitalization: MAnnual: Manufacturing data remains active status in CEIC and is reported by Muscat Securities Market . The data is categorized under Global Database’s Oman – Table OM.Z002: Muscat Securities Market: Market Capitalization.

Oman OM: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 8.403 % in 2016. This records a decrease from the previous number of 9.840 % for 2015. Oman OM: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 3.677 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 11.578 % in 2009 and a record low of 0.100 % in 1969. Oman OM: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Oman – Table OM.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Industry (including construction), value added (annual % growth) in Oman was reported at 0.19799 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Oman - Industry, value added (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Oman: Value added by industry as percent of GDP: The latest value from 2024 is 54.19 percent, a decline from 55.29 percent in 2023. In comparison, the world average is 26.35 percent, based on data from 151 countries. Historically, the average for Oman from 1961 to 2024 is 54.41 percent. The minimum value, 7.98 percent, was reached in 1961 while the maximum of 82.52 percent was recorded in 1974.

Industry (including construction), value added (current US$) in Oman was reported at 57956827048 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Oman - Industry, value added - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Statistics illustrates market overview of machines for additive manufacturing; by plaster, cement, ceramics or glass deposit in Oman from 2007 to 2024.

As of June 2022, the value of the industry index in the Oman equity market decreased by **** percent from the first to the second quarter of 2022. For the same time period, the Oman Bourse declined by **** percent.

Industry (including construction), value added (% of GDP) in Oman was reported at 54.19 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Oman - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

In 2024, the Omani industrial monocarboxylic fatty acids market decreased by -2% to $40M, falling for the second consecutive year after eight years of growth. Overall, consumption posted a strong expansion. As a result, consumption reached the peak level of $42M. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.